Russia this time is not banning cryptocurrencies; they are preparing to integrate the crypto industry into the tax system.

The State Duma is pushing forward with a crypto tax reform plan, and the core message is very straightforward:
In the past, when you traded cryptocurrencies, it was often in a gray area;
In the future, the country might start to seriously keep track of the accounts.
The most important aspect of this plan is not the words "tax collection," but rather that crypto assets are being redefined by Russia:

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